William Blair Analysts Lower Earnings Estimates for Vista Outdoor Inc. (NYSE:VSTO)

Vista Outdoor Inc. (NYSE:VSTOGet Rating) – Stock analysts at William Blair decreased their Q2 2023 earnings per share estimates for shares of Vista Outdoor in a note issued to investors on Thursday, July 28th. William Blair analyst R. Sundby now expects that the company will post earnings per share of $1.66 for the quarter, down from their prior estimate of $1.90. The consensus estimate for Vista Outdoor’s current full-year earnings is $7.37 per share. William Blair also issued estimates for Vista Outdoor’s Q3 2023 earnings at $1.62 EPS, Q4 2023 earnings at $1.56 EPS and FY2023 earnings at $7.15 EPS.

Vista Outdoor (NYSE:VSTOGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.80 by $0.24. Vista Outdoor had a net margin of 15.54% and a return on equity of 50.41%. The firm had revenue of $809.00 million for the quarter, compared to the consensus estimate of $760.87 million. During the same period last year, the firm posted $1.02 earnings per share. The business’s revenue was up 35.6% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on VSTO. MKM Partners began coverage on Vista Outdoor in a research note on Wednesday, July 13th. They set a “buy” rating and a $54.00 price objective on the stock. Roth Capital lowered Vista Outdoor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $53.00 to $32.00 in a research report on Tuesday, July 26th. Lake Street Capital lowered their price objective on Vista Outdoor from $63.00 to $53.00 in a research report on Friday. B. Riley cut their target price on shares of Vista Outdoor from $78.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. Finally, KeyCorp lowered shares of Vista Outdoor to a “sector weight” rating in a report on Tuesday, July 19th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vista Outdoor has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $30.10 on Monday. The company has a quick ratio of 1.19, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.70 billion, a PE ratio of 3.76 and a beta of 0.69. The company’s fifty day moving average is $31.71 and its 200 day moving average is $35.30. Vista Outdoor has a 52 week low of $25.68 and a 52 week high of $52.69.

Insider Activity at Vista Outdoor

In other Vista Outdoor news, insider Jason R. Vanderbrink sold 10,832 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $36.87, for a total transaction of $399,375.84. Following the transaction, the insider now directly owns 69,540 shares of the company’s stock, valued at approximately $2,563,939.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Christopher T. Metz sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $38.36, for a total value of $5,754,000.00. Following the completion of the transaction, the chief executive officer now owns 116,461 shares in the company, valued at approximately $4,467,443.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jason R. Vanderbrink sold 10,832 shares of Vista Outdoor stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $36.87, for a total value of $399,375.84. Following the sale, the insider now owns 69,540 shares in the company, valued at $2,563,939.80. The disclosure for this sale can be found here. Insiders sold a total of 272,780 shares of company stock worth $10,373,989 over the last quarter. 2.17% of the stock is owned by corporate insiders.

Institutional Trading of Vista Outdoor

A number of hedge funds have recently modified their holdings of the business. Gates Capital Management Inc. increased its position in Vista Outdoor by 2.6% during the 1st quarter. Gates Capital Management Inc. now owns 5,483,246 shares of the company’s stock valued at $195,697,000 after buying an additional 138,811 shares in the last quarter. State Street Corp increased its holdings in shares of Vista Outdoor by 2.5% during the first quarter. State Street Corp now owns 1,776,451 shares of the company’s stock valued at $63,402,000 after acquiring an additional 42,935 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Vista Outdoor by 2.4% in the 1st quarter. Brown Advisory Inc. now owns 1,590,469 shares of the company’s stock worth $56,977,000 after purchasing an additional 36,800 shares during the last quarter. Geode Capital Management LLC boosted its stake in Vista Outdoor by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 1,065,897 shares of the company’s stock worth $49,105,000 after purchasing an additional 70,756 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its position in Vista Outdoor by 16.3% during the 1st quarter. Hodges Capital Management Inc. now owns 681,839 shares of the company’s stock valued at $24,335,000 after purchasing an additional 95,747 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.

Vista Outdoor Company Profile

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Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.

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Earnings History and Estimates for Vista Outdoor (NYSE:VSTO)

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